$3,337 Closing Credit*
$281,000
2,716 SqFt
3 Beds
•1 Full Bath, 1 Partial
Lori Stephan, Listing Office: Real Estate One of Alpena
Is Long Rapids Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Long Rapids Township has remained a Seller's Market.
Key Takeaway
Long Rapids Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Long Rapids Township, MI
How much do homes in Long Rapids Township, MI cost?
Median Sold Price
$209,500
$130/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$41,000(+24.3%)
Key Takeaway
Homes in Long Rapids Township have sold for 24.3% more than they did a month ago.
Summary: The median home sold price in Long Rapids Township was $209,500 in November 2024, up 24.3% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $151K | $209.5K | +38.7% |
| 3 Bedrooms | $160K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Long Rapids Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Long Rapids Township | $168.5K | $209.5K | +24.3% |
| Posen Township | $149.9K | $167.5K | +11.7% |
| Maple Ridge Township | $405.1K | $62.5K | -84.6% |
Housing Supply in Long Rapids Township, MI
How many homes are available in Long Rapids Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The Long Rapids Township real estate market had 3 homes for sale in November 2024, a 50.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Long Rapids Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Rapids Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Long Rapids Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Long Rapids Township, MI
We’re sorry, we don't have information for this market at the moment
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